FF Advisors LLC Invests $1.16 Million in Schwab High Yield Bond ETF $SCYB

FF Advisors LLC acquired a new position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 43,754 shares of the company’s stock, valued at approximately $1,156,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elm3 Financial Group LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the fourth quarter worth $1,684,000. Breakthru Advisory Services LLC lifted its stake in shares of Schwab High Yield Bond ETF by 12.8% during the fourth quarter. Breakthru Advisory Services LLC now owns 229,327 shares of the company’s stock worth $6,059,000 after buying an additional 26,108 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the fourth quarter worth $805,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the third quarter worth $772,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the fourth quarter worth $634,000.

Schwab High Yield Bond ETF Trading Up 0.0%

NYSEARCA:SCYB opened at $26.16 on Friday. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78. The firm has a fifty day simple moving average of $26.18 and a 200-day simple moving average of $26.32. The company has a market capitalization of $2.43 billion, a P/E ratio of 60.28 and a beta of 0.27.

About Schwab High Yield Bond ETF

The Schwab High Yield Bond ETF (SCYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield, US corporate bonds, selected and weighted based on market value. SCYB was launched on Jul 11, 2023 and is managed by Charles Schwab.